| Pages:
1
2
3 |
maspacifico
Nomad
Posts: 317
Registered: 4-22-2008
Member Is Offline
|
|
Yea Cypress,
BUT, these are "our" snakes! Where is the antivenom?
|
|
|
mikeintj
Junior Nomad
Posts: 45
Registered: 8-27-2006
Member Is Offline
|
|
You cannot predict changes to exchange rates.
The idea that you can predict what the exchange rate will be in X months time is one of the most tested theories in economics, maybe the most tested
theory. It has been rejected by almost all economists.
Therefore, the best forecast for the exchange rate in X months time is the current exchange rate.
So forget trying to make a bundle on exchange rates, and quit worrying about what to do with your pesos/dollars on the basis of what may happen to the
exchange rate in the future. Base all your decisions on the current exchange rate.
|
|
|
Bruce R Leech
Elite Nomad
Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
Member Is Offline
Mood: A lot cooler than Mulege
|
|
| Quote: | Originally posted by maspacifico
Bruce,
That will always stick with Slick Willy, and I was peeed off when he lied about it...........but in retrospect what did it really cost you and I other
than the impeachment fiasco? Take a look at our deficit counter and tell me which lie you want to be told. No head from a chubby girl.......or WMD?
And, I believed Bush!
http://www.deficitsdomatter.org/ |
unfortunately they are all a bunch of lier's including the 2 that are running this year. it is just a shame that the job cant draw a person that has
true integrity. and that goes for most politicians in the world today.
Bruce R Leech
Ensenada
 |
|
|
oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
|
|
| Quote: | Originally posted by elizabeth
Why the Bancomer cd's in dollar accounts...and not some in peso accounts? |
Sorry Elizabeth, I was a bit imprecise. I should have said convert dollars into peso accounts paying about 6%.
Bancomer (a Spanish chartered bank) is seriously going after the US expatriot population in Mexico with their "Preferred Customer" program. They have
special branches with English speaking staff in selected locations in Baja (Los Cabos in particular) and throughout Mexico. They have online banking
in English and deposits are guaranteed to a certain amount. It might be worth a trip to Los Cabos to set up an account even if you live in the
boonies of Baja. Then you could deposit, transfer funds, everything online.
At this time Bancomer is "bullish" on the American market. Their staff has told me that that their analysts predict that the dollar will come back
strong relative to the Mexican peso in 2 to 3 years.
|
|
|
Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
Member Is Offline
Mood: undecided
|
|
maspacifico, Our snakes? Antivenom? Term limits. Term limits. And more term
limits
|
|
|
elizabeth
Senior Nomad
Posts: 742
Registered: 7-30-2004
Location: Loreto, BCS
Member Is Offline
|
|
| Quote: | Originally posted by oxxo
| Quote: | Originally posted by elizabeth
Why the Bancomer cd's in dollar accounts...and not some in peso accounts? |
Sorry Elizabeth, I was a bit imprecise. I should have said convert dollars into peso accounts paying about 6%.
Bancomer (a Spanish chartered bank) is seriously going after the US expatriot population in Mexico with their "Preferred Customer" program. They have
special branches with English speaking staff in selected locations in Baja (Los Cabos in particular) and throughout Mexico. They have online banking
in English and deposits are guaranteed to a certain amount. It might be worth a trip to Los Cabos to set up an account even if you live in the
boonies of Baja. Then you could deposit, transfer funds, everything online.
At this time Bancomer is "bullish" on the American market. Their staff has told me that that their analysts predict that the dollar will come back
strong relative to the Mexican peso in 2 to 3 years. |
Thanks for the explanation.
|
|
|
maspacifico
Nomad
Posts: 317
Registered: 4-22-2008
Member Is Offline
|
|
Cypress,
Term limits? That's another can of worms we'll never see opened! Snakes won't vote themselves out of the holes and the 35% of the population that
bother to vote don't seem to care as long as "their" party wins, and I am off to get....maspacifico!
We are officially "off topic"!
Pam,
Listen to oxxo, he is making sense with the CD's and Bancomer's Preferred Customer accounts. They have a branch in Todos Santos. Not sure if I agree
our dollar is coming back anytime soon though......the rest of the world is looking at our bailout programs like we are drunken sailors.
|
|
|
maspacifico
Nomad
Posts: 317
Registered: 4-22-2008
Member Is Offline
|
|
The online thing isn't the easiest get onto. The bank officer will walk you through it if you are at one of their Preferred sites. Once you get on
though, it is all in English and pretty simple. I make my wife do it, she loves tedious, that's why she's with me!
|
|
|
flyfishinPam
Super Nomad
Posts: 1727
Registered: 8-20-2003
Location: Loreto, BCS
Member Is Offline
Mood: gone fishin'
|
|
elizabeth, if you want to learn online banking with bancomer i am an expert. i'll be happy to show you.
|
|
|
Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
|
|
Pam:
I have some Advice for you and others, based on my,EXPERIENCE OF 38 YEARS IN BAJA SUR,-.
Hold onto as much CASH as you can afford.
Do not worry too much about a short.. 10% Loss.
Depending on who wins the Election will change things. I beleive if the Demos get in we will see 20% interest again, just as we did when Carter got in
as President.
I was building 2 Fourplexs in Montana and got stuck with some 14.75 Interest. Added three years to my Profit Line.
If the Reps Win we will see a lot more Money put into the System by the Energy People-Pickins Plan as set forth by T Boone Pickins., Oil Drilling will
start up in Anwar and other places.
Just Hold onto to the Cash>
Skeet
|
|
|
Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
|
|
Pam:When the Economy goes Sour you will know by the actions of the few People who control Loreto. Watch their Actions by the Delagado in doing Street
work etc..
There will not be much you can do about it!
Relax and enjoy living in Loreto and on the Sea.
Might have to go a Year with out making Money, but it will come back!!!
|
|
|
Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
|
|
T Boone Pickins has a plan to reduce
dependence on foreign oil using
wind power and natural gas
remember the seinfeld episode that "george" wanted to be nick-named "t-bone"???
[Edited on 8-3-2008 by Bob and Susan]
|
|
|
Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
Member Is Offline
|
|
| Quote: | tell us where this 11 to 1 place is  |
11 to 1 was at El Dorado Ranch and Pete's Camp in San Felipe as of about June-July. They may have changed since then to 10 to 1, seeing that pesos
were 9.9 to 1 yesterday.
Terry, as for paying modida I'm not going to say when the last time was, or how much. Ain't gonna jinx myself. As for the gold card, the last time I
used that it caused decension in the ranks.
|
|
|
oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
|
|
| Quote: | | Originally posted by Skeet/Loreto I beleive if the Demos get in we will see 20% interest again, |
And what is your point? And why is it bad to pay what the current true cost of money is rather than borrowing from the Chinese and letting our
children/grandchildren worry about paying it back? And high interest rates would only encourage Americans to save and invest at home rather than in
Mexico. But not to worry, money will not go up to 20% regardless of what party is elected.
|
|
|
Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
|
|
0xx0- How can you say that Money will not go up as it did in the Carter years????
I remember talking to many people who stated the same thing> I think you are 100% Wrong!
I also was involved with making some money in Pesos startng in 1975 when people did not think the Mesicano Peso would go to from 8 to 1 to 3,000 to 1
!!!. I got up to 148% on 28 Day notes at the Bank in Villa Constitution.
A good many of my Friends are putting their Cash in their Home Banks{Holes in the Back yard} awaiting the bottom, then they will bring it Forth and
Buy Cheap.
Skeet/Loreto
|
|
|
oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
|
|
| Quote: | Originally posted by Skeet/Loreto
How can you say that Money will not go up as it did in the Carter years???? |
Hmmmm, let me think about this....... I guess I can say it for the same
reasons you say that it will go up to 20% just like in the Carter years, which is out of context and not entirely accurate.
Furthermore, I am saying that should the cost of money go up to 20%, that is probably not a bad scenario. It means that passbook savings accounts
will be paying 10%+, more US dollars will be placed into savings (which is long overdue), and Americans will find it less attractive to invest in
foreign economies, and more foreign currency will flow into US banks. It could be just what the economic doctor ordered. And US speculators will
lose their pants, which would be nobody's fault but their own.
|
|
|
comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
Member Is Offline
Mood: mellow
|
|
Pam just go with the flow if you try to beat the game you will probably get burnt. Just remember you are not in the speculating business.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
|
|
|
The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
Member Is Offline
Mood: High
|
|
| Quote: | Originally posted by Bajajorge
When traveling back to Baja I make sure I have at least 1000 pesos for the trip. |
Holy cow, you actually have $100 in pesos on you at any time in Baja. What a scary thought.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
|
|
|
Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
Member Is Offline
|
|
| Quote: | I quit buying T-shirts and blankets a few years ago, now when in Mexico I just drink alot. Come to think of it, I drink alot in the US too. But, that
don't make me all bad.. 
Holy cow, you actually have $100 in pesos on you at any time in Baja. What a scary thought. |
|
|
|
bajalera
Super Nomad
Posts: 1875
Registered: 10-15-2003
Location: Santa Maria CA
Member Is Offline
|
|
Just ignore Gull--he's envious of us wealthy Nomads.
\"Very few things happen at the right time, and the rest never happen at all. The conscientious historian will correct these defects.\" -
Mark Twain
|
|
|
| Pages:
1
2
3 |
![[*]](images/xmbforum/default_icon.gif){kind=icon}
